Multiple Choice
An outward shift of an economy's production possibilities curve is caused by:
A) an increase in capital.
B) an increase in labor.
C) an advance in technology.
D) all of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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Q194: Exhibit 2-8 Production possibilities curve data <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg"
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Q195: Exhibit 2-16 Production possibilities curve <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg" alt="Exhibit
Q196: The production possibility curve is bowed outward